If Bonds Are Issued Initially at a Discount and the Straight-Line

question 35

Multiple Choice

If bonds are issued initially at a discount and the straight-line method of amortization is used for the discount, interest expense in the early years will be:

• A)less than if the interest method is used.
• B)The same as if the interest method is used.
• C)more than if the interest method is used.
• D)less than the amount of the interest payments.

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Definitions:

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